Making the decision that you need to seek financial advice may not be an easy one, but the fact is that identifying you could use some assistance is highly important.
Some people decide to turn to their friends and family for guidance, however, they are unlikely to have the right knowledge and expertise to point you in the right direction.
Knowing where to look for financial advice is essential to making sure you are making the right decisions for you, your lifestyle and anyone else who may be affected by such choices.
Where to get financial advice
Going in search of a professional financial advisor is the first step towards getting your assets in order.
You will find there are various people out there who claim to be up to the task at hand, but bear in mind that not all of them will be suitable for your needs.
Ensure that the person you choose has all the right experience, qualifications and credentials – don’t be afraid to ask questions about what they can offer you and where their areas of expertise lie.
A good financial advisor should provide you with a statement of advice, product disclosure statement and a financial services guide to help you better understand what they can offer.
Trust is a key component of selecting an advisor – if you don’t feel comfortable with the guidance they are offering then is there any point in continuing?
Identifying why you need financial advice
Some people will find that a sudden change in circumstances will lead to them needing some professional guidance, while for others it will be a more gradual process.
If you are filing for divorce and want to know where you stand financially then seeking advice can be a good idea – the same goes for if you are facing retirement and would like a better idea of how to manage your money.
There is no right or wrong time to go in search of financial advice – in many cases it will just feel like you could do with a helping hand.
Putting your plans in motion
Once your financial advisor has offered their suggestions, it is ultimately up to you to make sure you put the plan into action.
Regular follow-up meetings with your advisor will help you stay on track, but remember that it is you who has to make the right day to day decisions.